CALIFORNIA – Trump’s swift mortgage move angers real estate industry

Donald Trump may have made his fortune in real estate, but one of his administration’s first moves has upset the state and national Realtors associations.

Shortly after the inauguration on Friday, the U.S. Department of Housing and Urban Development“suspended indefinitely”a planned cut in the annual mortgage insurance premium on home loans insured by the Federal Housing Administration.

What’s not clear is whether the Trump team is signaling that it wants less government involvement in housing and mortgage markets or whether it was simply reacting to a move the Obama administration made on its way out the door. Read more: